You are a central bank.
You just have spent a couple of days thoroughly assessing the latest economic evidence. You have decided that the economy you oversee is advancing at a “solid” pace. Job gains are “strong,” and the unemployment rate is falling steadily. A wider set of labour-market indicators shows the “underutilization” of the working population “continues to diminish.” This is important because you had been very worried that too many part-timers were being denied more hours and that the longer-term unemployed were at risk of becoming permanently marginalized.
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